Modifications to current methods of calculating and reporting financial ratios are outlined for college managers. The modified ratios, felt to be more realistic, are illustrated with applications in three areas: (1) student revenues; (2) endowment and other investment income; and (3) public and private gifts, grants, and contracts revenue. (MSE)

College financial officers may be assuming that current high returns on endowment investments will continue. Mean reversion theory suggests that returns may be depressed in future years, making adherence to current investment policy difficult. Institutions have several financial management alternatives to minimize such problems. (MSE)

General types of computer programs and some representative titles currently available are described and outlined, including programs for electronic spreadsheets, word processing, database management, statistical analysis, graphics, telecommunications, and personal use. (MSE)

Comparison of federal need-analysis formulas for student financial aid in 1992-93 and 1993-94 focused on elimination of home/farm equity from calculations, parent contributions, and Pell Grant awards. Results suggest higher unmet need and lower Pell Grant awards, and imply that the most needy students may lose gift assistance to more affluent…